ASSETS Current assets Cash and cash equivalents $135,000 $110,000 Trade receivables 70,000 62,000 Inventories 65,000 58,000 Other current assets 8,000 31,000 Total current assets 278,000 261,000 Non-current assets Property, plant, and equipment 275,000 260,000 Goodwill 40,000 40,000 Other intangible assets 72,000 70,000 Total non-current assets 387,000 370,000 Total assets $665,000 $631,000 LIABILITIES AND EQUITY Current liabilities Trade and other
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Abstract In 1959, Ronald Coase introduced what is now known as the Coase Theorem, which suggests that absent transaction costs, any initial property rights agreement leads to an economically efficient outcome. Straying from previous models supported by most economists, this position was initially met with skepticism. Discussion Prior to 1959, the standard economic understanding held that government regulation enhances efficiency by correcting for claimed imperfections. This thinking was
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CH.9 Plant Assets -Plant Assets are resources that have: *Physical Substance (A definite size and shape) *are used in operations of a business *are not intended for sale to customers *are expected to be of use to the company for a number of years -Historical Cost Principle requires that companies record plant assets at cost. *Cost consists of all expenditures necessary to acquire an asset and make it ready for its intended use Determining the Cost of Plant Asset -Land: All necessary
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to be of a strong nature. Physical resources include: buildings and premises, equipment, facilities, plant and machinery. Every business needs a building to operate and function their services. Management of equipment is important for the business because a lack of equipment or bad management means that production from the workers will not be as efficient if the management was good with high source of equipment. Equipment includes things like: IT- hardware and software which must be analysed and carefully
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and identify the method of depreciation the company uses to depreciate property, plant and equipment. What is the underlying assumption of this method in relation to the usefulness of property, plant and equipment? | The number of the note that deals with Significant Accounting Policies is 3, consisting of 22 points. (Significant Accounting Policies, Page 58-67, Blackmores Annual Report 2011)Depreciation for plant and equipment and leasehold improvements is measured at cost
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Incorporated, had attained $20,624,000 in property, plant and equipment. This amount could cover varies things in the company. The cost of the building that Apple Inc, have their operation in are allocated within this asset amount. The amount included equipment such as computers software, phone, printer, fax machine etc. Basically, any equipment that help the company function as a business. In the prior year, the company lesser amount of value in building and equipment assets. This could due to the company
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comes from JIT, the other 10% through the inventory which CanGo possesses. 100% of the CD/DVD/MP3 come through CanGo inventory. The result is that 80% of ALL sales is JIT and 20% is inventory. There is one warehouse for shipping of books and one plant for manufacturing. There are three divisions: a CD/DVD/MP3 division, an online gaming division and a books division. All manufacturing takes place in the CD/DVD/MP3 division. The IPO took place at the beginning of 2009. The CD/DVDs were
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Project Management Assignment #1 MGT5164 City of Thunder Bay/Environment Division Digital SCADA Network Project Student Name: Joe Doe PROJECT INTRODUCTION ....................................................................................................... 2 Project Name........................................................................................................................................... 2 Scope and Objectives......................................................
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equity: 31 Dec. 2007 RM 2,344,000 31 Dec. 2006 RM 1,788,000 690,000 Nil Ordinary shares of 50 sen each (Note 7) 1,400,000 1,000,000 Reserves (Note 8) 1,271,000 262,000 Nil 400,000 439,000 400,000 Property, plant and equipment (Note 6) Investment 10% Convertible Debentures (Note 7) Deferred tax Other Information: 1. 2. 3. 4. Trade receivable increased by RM111,000 whereas inventory increased by RM261,000. Trade payable decreased by RM116,000 and
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FINALE ACC205: Principles of Accounting I February 17, 2014 FINALE INTRODUCTION In this finale paper of the ending of this course,
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